- Value investors on Main Street buy wonderful companies with strong fundamentals when macroeconomic events produce attractive valuations.
- Then sell or reduce the holding on weakened fundamentals or inflated valuations when microeconomic events erode the company's financial strength or the demand for its products and services.
- But Mr. Market continues to entertain the purchase of attractive fundamentals at otherwise high prices and narrow margins of safety.
- Thus, the Value Investing for Main Street Model Portfolio [VIMS] is currently more a watch list than a buy list.
Welcome to the second installment of the Value Investing for Main Street series.